FuelCell Energy to price public offering of common shares on Thursday

Proceeds to be used for growth capital and general corporate purposes

By Devika Patel

Knoxville, Tenn., March 21 - FuelCell Energy, Inc. said it will price a public offering of common stock with a 30-day greenshoe by Thursday.

Lazard Capital Markets LLC is the bookrunning manager; Stifel Nicolaus Weisel is the co-lead manager and FBR Capital Markets & Co. is the co-manager.

Proceeds will be used for growth capital and general corporate purposes.

The company's shares (Nasdaq: FCEL) closed at $1.75 on March 20.

FuelCell is based in Danbury, Conn., and produces carbonate fuel cell technology for stationary power generation.

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